Nami | Daily Crypto News 03.02.2018

Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading to Puerto Rico. They are selling their homes and cars in California and establishing residency on the Caribbean island.

Bankera, one of the biggest FinTech ICOs, has become the first blockchain-based startup to acquire a private bank. The acquisition of Pacific Private Bank Limited is in line with Bankera’s mission of becoming the next generation bank for the blockchain era, providing a one-stop-shop for all crypto things.

An Austria-based cryptocurrency startup Coinfinity is reported to complete the first Bitcoin ATM transaction made using the Lightning Network (LN). Coinfinity is already known for deploying the first Bitcoin ATM allowing a person to exchange bitcoins and cash as well as introducing a web-based cryptocurrency trading platform in Austria.

Santander will roll out a Ripple-powered app in Spain, Brazil, the U.K. and Poland. Customers will be able to use the app to facilitate same-day cross-border payments in under a minute. The app will also provide a digital wallet, a personal finance manager and help aid person-to-person payments.

JPMorgan Chase & Co and Bank of America Corp, two largest banks in USA, said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Citigroup, the nation’s third-biggest bank, is still reviewing its policy.

“At present the Global Policy on Personal Investment is silent on cryptocurrencies and thus disclosure and pre-clearance is not required” in most cases, UBS told staff this week. The bank is considering implementing “additional rules and requirements,” including an obligation for staff to seek permission before trading.

___

Disclaimer.This article/email is for informational purposes and should not be considered investment advice. Statements and financial information on Nami web/email and Nami related sites do not necessarily reflect the opinion of Nami and should not be construed as an endorsement or recommendation to buy, sell or hold.

While we aim at providing you all important information that we could obtain that may include certain information taken from exchanges and other sources from around the world, readers should do their own research before taking any actions and carry full responsibility for their decisions.Trading and investing in digital assets like cryptocurrencies is highly speculative and comes with many risks. Past performance is not necessarily indicative of future results.

Nami may provide links to third-party websites, including social networking websites. Since we do not control third-party sites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.